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7301 W Palmetto Park Rd, Boca Raton, FL 7301A W Palmetto Park Rd, Boca Raton, FL
Del Mar Medical Park
Asset ClassOffice, Healthcare Facility, Mixed Use
- PREMIER MEDICAL OFFICE INVESTMENT OPPORTUNITY -
overview of deal

Overview

Exclusive offering of Del Mar Medical Park—a premier medical office investment opportunity located in the heart of Boca Raton, Florida. Spanning 101,546 SF across two boutique buildings, this highly attractive asset was acquired in 2021 and has undergone a transformative $4+ million renovation between 2022 and 2024. Originally a mixed-use professional office campus with 50% medical tenancy, the property has been successfully repositioned into a resilient, healthcare-dedicated facility with 89.3% medical tenancy and an overall occupancy of 92%. Strategically situated on West Palmetto Park Road, Del Mar Medical Park offers excellent connectivity via I-95 and Florida’s Turnpike, placing it within 10 minutes of Boca Raton Regional Hospital and West Boca Medical Center and within a 30-minute radius of 10 additional major hospitals.

 

The property benefits from Boca Raton’s ongoing $550 million healthcare infrastructure expansion—led by Baptist Health and Tenet Healthcare—which is driving strong demand from medical tenants who are currently paying a 28% rental premium over traditional office users.

 

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Investment Highlights

  • Positioned For Post-Covid Office Demand
  • Institutional Quality, Modernized Infrastructure
  • Diverse & Recession-Resilient Tenant Mix
  • $4M In Capital Improvements
  • 51 Total Tenants
  • 101,546 SQ FT
  • Parking 4.44/1,000 SF
  • Built 1982-1986 | R. 2022-2024
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7301 W Palmetto Park RdBoca Raton, FL 33433

Sales Team

Scott O'DonnellExecutive Managing Director561 542 5955scott.odonnell@cushwake.com
Gino LollioExecutive Director312 338 7061gino.lollio@cushwake.com
Travis IvesExecutive Director858 334 4041travis.ives@cushwake.com
Jason HochmanExecutive Director305 533 2876jason.hochman@cushwake.com
Michael FeldmanSenior Director561 227 2063michael.feldman@cushwake.com
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Listing provided by Revere CRE